Dow Futures Plunge as North Korea Missiles Join Trump’s Problems

  • Dow Jones Industrial Average (DJIA) futures fell 100 points on Thanksgiving Thursday.
  • North Korea reportedly fired two short-range missiles into open waters near Japan.
  • Geopolitical tensions flare for Trump after his Hong Kong bill threatens to derail US-China trade negotiations.

Dow Jones Industrial Average (DJIA) futures took a 100 point hit on Thursday morning. While the US stock market is closed for Thanksgiving, traders are still active on the futures market.

Geopolitical tensions flared across Asia this morning as North Korea reportedly fired two missiles into international waters near Japan. Kim Jong Un’s missile test is a clear warning to Trump. Two years since the infamous “fire and fury” incident, the two superpowers face a looming end-of-year deadline over nuclear talks with no agreement in place.

The US will face a “great threat” if it does nothing, a rep from North Korea’s State Affairs Commission said earlier this month, adding:

We, without being given anything, gave things the US president can brag about but the US side has not yet taken any corresponding step.

The missile test comes just hours after Trump signed two bills into law supporting Hong Kong protestors. The move is likely to anger China and weaken Xi Jinping’s image at home. Chinese spokespeople have already vowed countermeasures which may threaten trade deal progress.

Dow futures in triple-digit plunge

Dow futures contracts dropped as much as 100 points on Thursday as traders struggle to hold onto Wednesday’s record highs.

Dow DJIA stock market futures chart
Dow Jones Industrial Average (DJIA) futures took a double blow on Thanksgiving with tensions in China and North Korea. Source: Yahoo Finance

S&P 500 futures and Nasdaq Composite futures fell 0.3% each. Bitcoin bounced back to $7,458.

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